The Euro-Pound rally from Monday’s lows at 0.8770 has been capped nearly 100 pips higher, at 0.8865 on Friday, with the Euro struggling amid the risk-off sentiment, although downside attempts remain contained above Thursday’s low, at 0.8815, as dismal UK data and renewed fiscal concerns keep GBP bul
The EUR/GBP cross attracts some buyers to around 0.8860 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).
The EUR/GBP cross gathers strength near 0.8710 during the early European session on Tuesday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the UK employment data. Traders will keep an eye on the Zew Survey from the Eurozone and Germany later on Tuesday.